Psychology for major markets May 28
Iran maintains position that all frozen assets must be released without conditions
EUR/USD – The Euro remain depressed but is seeing some life as session progress. Haven USD bids continue to weigh on the Euro and with latest headlines circulating, it does not look like a quick end.
USD/JPY – The correction in JGB yields have stalled and hard to see further momentum without either Middle East deal or BoJ's indication of slowing their pace of tapering. The pair has nibbled away previous intervention effort and looks set to retest the 160 figure.
AUD/USD – The Aussie rotated lower and has fully closed the Monday gap. The next support level is around 0.7030.
Equities & Others – Market participants are restraining aggressive positioning on Thursday and has begun scaling back their position on the lack of anticipation of an imminent deal.